AER’s 2024 Alberta Energy Outlook report now available
2024年6月24日 - 11:00PM
Today, the Alberta Energy Regulator (AER) published the 2024
Alberta Energy Outlook report (formerly ST98). The report is an
annual publication featuring independent, comprehensive information
on the state of Alberta’s energy industry.
The report shows that Alberta remains the largest producer of
natural gas and oil in Canada, producing more than 60% of Canada’s
natural gas and almost 85% of Canada’s oil equivalent (including
bitumen) in 2023.
2024 Report Highlights:
- Bitumen production remains significant. In 2023, bitumen
accounted for 66% of Canada’s total oil equivalent production and
is expected to remain the most important driver of energy supply
and growth.
- The total capital expenditures for crude oil, natural gas, oil
sands, and emerging resources grew to $29.5 billion in 2023, a
six-year high.
- In 2023, oil prices stayed above pre-pandemic levels,
supporting oil production. The completion of the Trans Mountain
Pipeline Expansion, along with expected international demand
growth, also boosted production and capacity.
- For the first time, this year’s report includes information on
carbon capture, utilization, and storage, reflecting the growing
interest in regulating carbon capture and storage projects.
- Alberta presents significant growth opportunities for emerging
resources, with hydrogen production projected to grow from 2.5 to
3.9 million tonnes per year by 2033 (4% average annual growth), and
geothermal and helium production are each expected to grow at an
average annual rate of 21%.
- Although no commercial lithium production currently exists in
Alberta, production is forecast to reach 13.4 thousand tonnes per
year by 2033.
The 2024 Alberta Energy Outlook report is a data-driven,
objective, and comprehensive resource that governments, industry,
and other key stakeholders may use for planning or making decisions
about Alberta’s diverse energy sector.
About the Alberta Energy Regulator
The AER ensures the safe, efficient, orderly, and
environmentally responsible development of energy resources in
Alberta through our regulatory activities. For more information
visit aer.ca.
Media
Alberta Energy Regulator
1-855-474-6356
media@aer.ca